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Great video. 👏 The R12,000 monthly budget would just barely cover basic expenses, medical aid and transport for a couple of two - assuming they owned their home. I'm not sure which proportion of South Africans could ever save an investment portfolio of R2,880,000. 😮 Dire indeed. With the 5% scenario the life expectancy of 30 years for the retirement period seems excessive. Isn't 15 years more realistic, i.e. 65 to 80.

Louis...Ek laat nooit dat die stres van skuld betaal my onderkry nie. Ek gooi al my rekeninge in 'n boks en dan skommel ek dit so 'n paar keer. Dan sit ek my hand in die boks en die eerste rekening wat ek uithaal, betaal ek... met paaiemente. Die res moet maar wag totdat ek weer lus kry om die boks te skommel... wat maar baie min is."

Hi Louis, If you strive on finding new ways of making money, drop me a PM will show you something that not a lot of people know about. And no its not a scam or pyramid scheme. :D

Love from Namibia Baie dankie

Louis what's your thoughts on Nvidia? It recently dropped in price quite drastically over the last month. It looks like a good buy.

First rule. No debt. Everything paid for. This includes everything. Second rule. Scale down before retiring. Third rule. Don't fall into the debt trap again. If you haven't got the spare cash, don't buy it. Forth rule. Do you really need a financial advisor?

They can keep it

So RAs are not going to help that much in our high inflationary environment, right?

If you would retire today (65 years old) you would need minimum of 12 mil to live out your remaining years. This is for middle class living. Now imagine how bad it will be in future...

Great video Louis, and such a massively important topic that is not spoken about nearly enough! Adding to this, the average balanced fund that are used in Retirement Annuities gives a return of below 8%, and if we need to account for inflation of 5-6% and platform fees of 0.3-0.5, this is barely growing your money in real terms. Another unfortunate reality us that many people who are working hard and saving enough for retirement every month, still ends up being short because they are invested in funds that are either too conservative, or on which the fees are too high. Investor education is key, and it is great to have a platform like RUclips to freely share this type of content to try and help the masses. Well done Louis 💪

Simple: 25 x your gross annual.

Yes you are told to save or invest a percentage of your salary from day 1 but on low pay with high inflation thus is impossible plus if you keep losing your job as I did it is impossible. So many losing or lost jobs. Bad economy is the problem

Thanks Louis. It's good to see more local retirement related content.

Great content

I'm in the process of buying my first home, and wow I feel so overwhelmed😢

Biggest issue when calculating your retirement is thinking you are only going to need funds for about 20 years after retirement but due to medical advancements which should be factored in, most will be living much longer than 20 years post retirement. The average age of death in SA is about 65 years of age but that mortality rate is significantly low due to various reasons I won’t mention here. Therefore taken into account medical advancement and a mortality rate of let’s say UK, one would need to consider saving for much longer than only 15 to 20 years post retirement. A good book to read to further understand this is To 100 & Beyond by Wynand Gouws.

I personally dont subscribe to that 80% or 70% of last salary as a calculation. I know this is what most Life Assurance companies in SA have on their websites to work out what you need for retirement. I prefer to use a calculation based on what my EXPECTED EXPENSE is going to be (annually) and times that by min 25 years (yes this is the 4% rule) or better use 30 or 35 Years as the final amount, I need to have saved/invested for retirement.

He said "what's up Louis, it's guys here"😂😂

Good advice, but for 70 to 80% of South Africans this is unattainable.

A place that sells for under 1 million rand that rents for over 20k per month ???

Excellent information. A valuable topic too would be tax implications on RA draw downs and if it would be better to rather invest in equities oneself to avoid this tax burden

Hi Louis it’s guys 😅 I’ve been watching your content for a while now and you really lit a fire in me! You really changed my perspective in “financial health” and I deeply appreciate your selflessness of sharing such valuable information…especially as a fellow South African 🫡🇿🇦 My dream is to be mentored by you (with your wealth of knowledge), because I truly believe with your guidance I would surely take the right step into financial freedom. I saw your classes/course but truth is I’m only a student and will only probably be able to afford your services much later 😅. But it’s fine, I’ll keep saving and hopefully one day we will meet! God bless my brother 🫱🏻‍🫲🏾🫡🔥

Not from ZA but 1% seems a very high rent to me. 🤔

I wish such information was available when I started working, sadly I learned the hard way. Only now I am looking at starting investing in propety to make up for the time lost.

Hello Dear, Are you looking for a professional RUclips thumbnail designer tog row your views?

My mom, lives in a humble 1 bed cottage at a very average suburb and she costs me 20k. month on this principle she would require just R5m to get the money to cover her account.She has R240k, sadly there is less than 1% of SA population that will be able to retire and never depend on their family, inflation (real) will always consume their assets faster than they will grow, even in the stock market. Sadly someone earning 15k will never save R3m, and beat inflation. My rule is save the percentage of your age -10. so if you are 50 years old -10 and that's how much of your salary you should be saving in an investment vehicle and then when you retire you can only spend 50% of your final salary. Now how many people can actually do this. Else you can live as a family, care for you children and elderly and pass assets between generations, this is the most likely option but requires you have committed families that have more then 3 children per household.

You a master my brother thank you for this information

Best financial advice Shia LaBeouf has ever given

May I ask what’s the minimum percentage that you settle for..?!

With Dorian j Townsend copytrading technique, you could be sipping coffee on a balcony overlooking a bustling city skyline or lounging on a pristine beach, all while your investments work for you. Picture the freedom to pursue your passions, travel the world, and create lasting memories with your loved ones, all because you took the initiative to harness the power of copytrading and build your dream life

25k expenses now won't be 25k expenses in 10 yrs time. Due to inflation. It will be much higher. Also, if you do save 7,5m at your retirement, put it in money maximiser account (8,5% anual interest) and you will be making double your expenses/ month...making your 7.5m stretch. Of course there will be taxes, but well worth the investment and less stress.

I think the retirement chat is scary but a much needed one. The ultimate guide to retirement by Bruce Cameron I quite sobering, in truth to retire comfortably it will need to be a combination of income generating assets and a RA/pension fund. Because when you get older, your ability to work for income I highly hindered as opposed to when you're younger and energetic. Retirement/pension funds alone are not enough but rather having funds in retirement(through income generating assests) is a must, because cash flow is key.

This is painful to watch, to be honest. 1) As big as those numbers are, they are as "reasonable" as they come for sustainable retirement living. 2) The estimations immediately exclude everyone I know and most of everyone that they know. 3) This puts a lot of pressure on us young folks because no one wants to see their elders suffer in their remaining years. Truly believe that only the knowledgeable and focused will survive this storm of emotional and financial bleeding. It's a good time to equip ourselves right now guys, try not to get carried away by meaningless trends.

Its clear that I don't have the skillset to develop equity like this. Worked overseas, earned real money, bought good rental stock in good locations in Jhb (Northcliff), some cash, some on short-term bank finance. Westen Cape too expensive. Paid them off first, then returned to SA. My spreadsheet is simpler by far. Gross rental income. Expenses. (Don't skimp on maintenance because its deductable from tax) Net income. On the side. Projected capital growth. Potential annual rental increases...don't understand what equity means but do understand whats the difference between assets and liabilities. I invested in assets. They produce passive income....😊

Retirement vs resigning, there is a lot we still need to know, with our high taxes 😢.

My dream is to retire in Cape Town .

I finally found the right side of youtube😂💯🔥as a 19 year old varsity student trying to get rich this gives some added perspective

Retirement should be a top priority from a young age. Unfortunately, the majority of South Africans will never comfortably retire.

Please explain more on buying a vacant land with a bond

Hi Louis as far as neglected properties are concerned you said the property was listed for R600000 but you would buy it for R500000. How do I maneuver a reduction like that do I negotiate with the agent?

Your content is ncaaaa!!! 👌👌👌 Suitable to watch first thing in the morning to start off the day.

Could you make a video on house hacking

Thank you for educating me...this will help in any debt. a person has.

I'm 15 and I hope to become a millionaire before I'm 21 😅😢😅

him or 🥴🥴

Hoe bepaal jy hoeveel wins jy by jou bedrag kan sit wat jy vir jou huurders vra per maand?

Great content mate, but you need someone to edit your shorts

Can I set up a Trust and apply/qualify for a mortgage bond?

FYI: Your written equation and stated (verbal) equation are different. I.e., the "x100" should not be part of the denominator.